sharp vision traders

Note: This download requires NinjaTrader 8 release 8.1.3 or newer.

DeMark Pivots are a unique type of pivot point developed by Tom DeMark as part of a broader range of technical analysis tools. Unlike traditional pivot points that are calculated based on the high, low, and close prices of the previous period, DeMark Pivots focus on the relationship between the close of the current period and the open of the next. The formula for calculating DeMark Pivots varies depending on whether the close of the current period is higher or lower than the previous close. This approach aims to predict potential support and resistance levels with an emphasis on timing market turns, making it particularly useful for traders looking to capture short-term price movements.

Those pivots follow two basic rules:

• Bullish if above the pivot point.
• Bearish is below the pivot point.

The support and resistance line may become irrelevant if the instrument price have pushed above or below those lines. What the trader can do then is adjust the open and close time. How this is achieved in this indicator is by allowing the user to change open and close time independently.

Demark Pivots Features:

• Open and close time can be set independently. Only utilize local time. Also, ensure that the Trading Hour Template provided by NinjaTrader would encompass the open/close time.
• Can choose to show historical pivots or not.
• Can toggle on/off any line.
• Options is provided to include labels or remove them.
• Lines could be customized in terms of color and opacity.

Review the screenshots and video for setup options and demonstration. 

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